If Under the Gold Standard, the Dollar Was Worth One

question 47

Multiple Choice

If under the gold standard, the dollar was worth one ounce of gold, and the British pound was worth one ounce of gold, then one British pound was worth _____

• A) $5.
• B) $20.
• C) $4.
• D) $1.
• E) half an ounce of gold.

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Definitions:

Very Strong Acid

Acids that completely ionize in solution, having a very low pH value, such as hydrochloric acid.

Organic Molecules

Compounds containing carbon atoms bonded to hydrogen atoms, often forming the chemical basis of living organisms.

Carbon

A chemical element with symbol C, essential to all known life, capable of forming a vast number of compounds including organic compounds.

Valence Shell

The outermost shell of an atom containing the electrons most likely to participate in chemical reactions.